Seattle Condo Blog and Community Information

The development team of ESCALA, the 31-story mixed-use luxury condominium project in downtown Seattle’s Midtown district, celebrated a construction milestone this week as the building rose above street level.

The eight floors of underground parking at ESCALA are complete and the ground floor of the project has been poured. The crew is currently pouring the mezzanine level and will next start work on the second-story level to be fully occupied by the private city club Club Cielo. The construction rate will proceed at a little over a week per floor for the residential units after Club Cielo’s level is complete.

“This is a major milestone for ESCALA and urban living in Seattle,” said John Midby, principal of Seattle-based LEXAS Companies, the developer of ESCALA. “We are truly delighted that people can now see the project as they walk by. It’s great to be that much closer to completing the most exciting new residential project in the city.”

ESCALA will be the largest residential tower in Seattle, and was amongst the last condo developments to obtain construction financing. Located on the southeast corner of Fourth Avenue and Virginia Street, ESCALA will have 275 grand condominium homes, with private and semi-private elevator vestibules serving all homes and a 25,000-square-foot private city club, Club Cielo, which will be the first new private club to open in Seattle in decades.

Residences at ESCALA range in size from 909-square-foot, one-bedroom City Homes to three-bedroom Sky Villas at more than 3,000 square feet and penthouses of up to 16,000 square feet. Prices range from $500,000 to more than $4 million for City Homes and Sky Villas. Pricing for penthouses is available on request.

ESCALA’s 12,000-square-foot presentation center is located in the Centennial Building on the corner of Fourth Avenue and Stewart Street, and is open to the public from 11 a.m. to 6 p.m. daily. The presentation center features a 2,600-square-foot model residence that has been fully furnished by Masins and showcases art provided by ESCALA’s arts partner, PONCHO.

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Seattle-based LEXAS Companies, the developer of ESCALA, focuses on creating exceptional residential/mixed-use projects nationally, including high-rise and multifamily projects. LEXAS is led by Joseph Strobele, a former senior executive of Legacy Partners. While at Legacy, Strobele developed some of the highest profile projects in Seattle, including The Olympus, a luxurious apartment community one block from the city’s waterfront.

LEXAS Companies is an affiliate of The Midby Companies, a Las Vegas-based multifaceted real estate development group. Midby Companies is led by John H. Midby, a principal of LEXAS Companies, who is highly regarded in the industry. The Midby Companies has extensive experience in residential and award-winning commercial projects as well as large master-planned community development and hospitality projects. During the late ’70s and early ’80s, The Midby Companies owned one of the largest residential homebuilders in the country. LEXAS Companies focuses on developing sustainable projects that support both growth and investment in the region, and is currently working to develop several real estate projects in the Seattle area.